Logo
Munich Personal RePEc Archive

Is there a direct effect of corruption on growth?

Dzhumashev, Ratbek (2009): Is there a direct effect of corruption on growth?

[thumbnail of MPRA_paper_18489.pdf]
Preview
PDF
MPRA_paper_18489.pdf

Download (125kB) | Preview

Abstract

Recent empirical studies find that the direct effect of corruption on growth is statistically insignificant. However, there exists a discrepancy between these results and the intuition that corruption reduces over-all productivity, because total factor productivity also depends on the quality of institutions and their efficiency. The current paper addresses this issue and offers a new perspective on growth effects of corruption and shows that direct and indirect growth effects of corruption can be statistically significant. Moreover, the empirical results confirm the existence of both negative and positive growth effect of corruption.

Atom RSS 1.0 RSS 2.0

Contact us: mpra@ub.uni-muenchen.de

This repository has been built using EPrints software.

MPRA is a RePEc service hosted by Logo of the University Library LMU Munich.